Is it a good time to invest in the share market?

in #mgsc6 years ago

getty-stock-market-success.jpg

Lets take help of the charts and see what market is doing, that is what i do for making my decisions for investing as well as trading.

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The above image is of nifty future daily chart, i have marked 4 boxes which are around 10100 levels this is the place where previously market has faced resistance and then acted as strong support before making new highs.

A correction from life time also was previously supported around this levels and a run up towards 10400 happened which is clearly visible from chart above.

10400–10450 is a strong resistance (why- lets leave that to shorten the answer) and now nifty future is around 10100 levels again it closed the week at 10154+ which is 50 points away from the levels where buyers were active previously.

What is scenario from here for a investor?????

Now 10100–10000 is the levels bulls need to save for another strong uptrend to begin from this support. As from above chart u can see this is an emotional level well respected by market participants in previous few weeks.

What will be the trigger for upside or downside from here ? it can be anything but most important is the liquidity (the demand or supply) so if u are a long term investor this will be the 1st place of your interest to find the stocks which are fundamentally good and have also corrected due to market correction to invest in.

Below 10000 if selling continued then 9700 is the next levels on nifty for a decent entry for investors.

Investments should be done as per goals, risk appetite, time frames but as per charts 10100 and 9700 are two key levels where a new investor can test the waters if have not done in specific stocks.

Secondly for conservative players, one can invest in Mutual funds around these levels.

What You All think About It???

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People says it is very hard to earn from share market..is it true??
https://steemit.com/@creativeman07

To the question in your title, my Magic 8-Ball says:

Yes

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good your post i like it i will invest in share market allsow

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